Breakfast Bites; With a relatively barren economic calendar today, U.S. markets are marginally in the green as China reported slowing economic growth primarily due to weakness in Europe
- China reported the biggest trade deficit in 22 years as exports rose 18.4% last month while imports gained 39.6%. Analysts had estimated that exports would see a 31.1% increase while inbound shipments would rise 31.8%
- China's central bank also said the country has ample room to tweak policy to support credit growth
- The final reading of fourth-quarter Italian GDP confirmed that the economy contracted 0.7%, making it official that the economy did fall into recession
- Federal Monthly Budget summary is scheduled for 2:00. Economists forecast a $229 billion deficit, against a January deficit of $222.5 billion.